FIXED ASSETS


What is a Fixed Asset? - Gain an understanding of what constitutes a Fixed Asset, and how adding Fixed Assets to your business impacts your financial position and profitability.

Depreciation - Learn how Depreciation is computed on different assets, and how Depreciation taken impacts your profitability and the gain or loss when an asset is sold.

Purchase vs Lease - Get a primer on the differences between purchasing and leasing fixed assets, and when each acquisition method may be more beneficial.

Reports & Recordkeeping - Learn which reports management should review regularly, and the documentation needed for Fixed Assets.

Included in this session to help you develop a solid understanding of Fixed Assets:

  • what a Fixed Asset is
  • where Fixed Assets show up on your Financial Statements
  • what Depreciation is and how it is computed
  • an example of how the sale of a Fixed Asset is computed for Financial Statements versus tax returns
  • the information needed to determine if you should purchase or lease the item
  • suggestions for records to keep regarding Fixed Assets purchased

ALL CONTENT IS PURELY FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INVOLVE PERSONALIZED ADVICE OR SERVICES.